Apollon Wealth Management LLC Buys New Stake in Everus Construction Group, Inc. $ECG

Apollon Wealth Management LLC acquired a new position in Everus Construction Group, Inc. (NYSE:ECG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,458 shares of the company’s stock, valued at approximately $283,000.

A number of other large investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Everus Construction Group by 295.6% in the first quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock valued at $27,000 after buying an additional 538 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Everus Construction Group by 91.6% during the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock valued at $28,000 after acquiring an additional 208 shares during the last quarter. Concord Wealth Partners purchased a new stake in Everus Construction Group during the 1st quarter valued at about $31,000. Garde Capital Inc. purchased a new position in Everus Construction Group in the 1st quarter worth approximately $38,000. Finally, Hilltop National Bank purchased a new stake in shares of Everus Construction Group in the second quarter valued at approximately $41,000.

Wall Street Analysts Forecast Growth

ECG has been the subject of several analyst reports. Oppenheimer set a $90.00 price target on shares of Everus Construction Group and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. DA Davidson lifted their price objective on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.67.

Everus Construction Group Stock Down 2.3%

Shares of NYSE:ECG opened at $88.43 on Friday. The company has a market cap of $4.51 billion and a price-to-earnings ratio of 27.29. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $91.72. The firm’s 50-day simple moving average is $80.01 and its 200-day simple moving average is $64.61. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.42. The company had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The business’s quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

About Everus Construction Group

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.